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enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the highest level since july. one bright spot though was on the housing fnt. the monthly case-shiller report found october home prices rose 4.3% mpared with a year earlier. the data giving a late sign of recov
a dozen up shipping ports. big deal you say? very big deal and here's why. a lot of stuff in the ships that frequent ports, everything from electronic items you found a hard time getting your hands on this holiday season to basic consumer staples like uits and vegetables you might not find anywhere. unions navigating charted waters and going at our wallets becauseny delay getting stuff off the ships i tell you is going to be big, ship. and i'm not, shipping you. i practiced that repeatedly. in fact, after you hear what we're about to tell you will almost wish the mayans were right. now the cost of living has st gone way, way up. to melissa francis, who says we don't need any of this. caroline heldman who said unions are actually entitled to do this. caroline, oh mayan, you have some explaining to do. what do you think? >> well, neil, i thinkhat wages hhve been stagnant since the early '80s because of decline in unions. that unions make wages 2 higher. neil: artificially higher. artificially higher. >> wages have not kept up with inflation nor have they kept up with, in terms of educati
shawan mmp 3 a major striie at 15 major east coast ports.. including the poottoffbaltimore could would affect billions of dollars of cargo along the coast.the contract between he inteenational longshoremen association and the u-s maritime alliince... whichh and port operators... is et to expire one minute ast midnight ec 30th.tteeissuee? reduce "contaaner royalties." if a deal isn't reachee... a strike could stoo all container traffic aa the port. (7708) the port of baltimore is ne of maryland's largess eceonice gernerators so any type of ork action hat may stoppage of work would have an effect.morr ttan 100 organizations have urged ppesident obama to order an 88 ddy cooling off period but right now there is no administration will move in thattdirection.losing the ports to a shutdown.. even ffr a few ays.. could cost the economy billions of dollars. 3 a high-stakes meeting will be held in washington today.... betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fisc
, still drifting at this point. >>> america's fastest growing port, you think it is los angeles, maybe new york, think again. savannah, georgia tops the list thanks to exports of chicken feed, a delicacy in asia. the head of the port is up ahead. tracy: maybe he will tell us how to eat those. ashley: no. tracy: outrage over spending bill for superstorm sandy is filled with pet projects in washington, d.c. while people are still devastated by the storm. liz claman on the story. ashley: from chicken to pork. time for stocks now. as we do every 15 minutes we head to the floor of the new york stock exchange, and nicole petallides. the market is literally at a stand till over this fiscal cliff. >> i knew you knew where we were going every 15 minutes, ashley. we have to check in on the markets. you're seeing the dow who haver around the unchanged line, down three points now. tech-heavy nasdaq the worst of the bunch down one half of 1%. app, i'm also watching whether or not the dow will have winning week. we had three straight weeks in a row of gains. if we close right here right now we're all ri
that could shut down some of the country's busiest ports. we'll show how it could impact you. ?o [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> it was a wild ride to election day 2012. jim acosta has the top ten campaign stories of the year. >> reporter: the year started off with a surprise i
. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
as the threat of another crippling port strike grows. have you heard about this? if workers walk off the job on december 30th, we're looking at a billion dollar a day hit to the economy. that is a great way to start out 2013. even when they say it's not, it is always about money melissa: all right. first let's take a look at the day's market headlines. stocks falling off today after two-day hot streak with all three major indices closing in the red. investors spooked by bad housing data and all that nonsense in washington. dow closing down almost 99 points. another rough day for gold. a rise in homebuilder confidence driving investors away for a two-session loss of nearly 2%. right now gold is hovering around $1670 an ounce. oil futures for a fourth straight session of gains, crude oil for january delivery gained 1.8% to settle at $89.51 a barrel. >>> all right. we're going to start tonight with a special holiday treat. it's the week before christmas and all through the house, lawmakers are frantic and starting to grouse. not from the cliff, though they do say they care, but from more and mo
bertha. >> good evening. hopefully it will be averted. the director of the port authority is encouraging the authorities and passengers and cargo airlines to work together and resolve their differences. they want more training and better equipment. the port authority says a strike would be disruptive. and software sales rose 17%. results suggest that it hasn't crimped it spending. and a sweet story about a honeymoon at the waldorf astoria 60 years ago. the hotel honors an veries if you have your receive. he and his wife thought it would be nice to have pancakes for breakfast. but the pancakes were at the 2012 rate which is $24 for room service. $21 for the room, $24 for the breakfast. larry, everything goes up, and this was the second time they did it this year. they had a couple that paid $16.80. >> plus the pancakes. but that is a far cry from the pensional suite which is $8,000 a night. >> the nation still looking for answers after the newtown shootings. right now more information about this mass killer. we are about to talk about all of this with two former fbi profiling experts. tha
of theirrown. what kids at port iscovery are doing to ring in the new nn!nn!n!n!n! 3& it's alread 2013 down unddr. in sydney australia... theyy rrng in the new year with a light aad music show. shot off over thh cctyys harbor and bridges. sydney is 16-hours ahead of baltimore. 3 3 rookie quarterbacks led their teams to the playoffss.. the ravens are facing one of them...what ohn harbaugh ees in andrew luck thattwill give the ravens problems...next in sports unlimited... right out of the blue this afternoon camm a statement ffom ravens assistant gm eric decosta, whh sveral teams wann tt interviewwfor vacant gmm jobs..saii ddcosta, and i quote...i love being aapaattof the ravens and plan to stay here and helpthem in iitentions of leavinggthis quote nip it in the bud...say, - bud...the team that decosta hhlped construct opens the post-season this sunday, hosting the colts, and their tallnted rookke quarttrback andrew luck..luck three ffr almost 44 hundred yards and 23 touchdowns, and helppdlead the ago, into the playoffss..john watchingghim on film..
of the busiest ports in the country now. a line of ships stacked with stuff, stuff that can't get on shore into, trucks and off to your store. it's a strike. and it's costing the united states billions. what's it all about? that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 pe
. these are the workers who move goods from the nation's ports to the stores. >> everybody from your mom and pop retailer to your farmer, to the trucking company who has go in and pick up the containers at the ports. this will be felt not just at the local economy, but nationwide for everybody else who relies on these ports. >> one port official says east and gulf coast ports handle about $55 billion worth of cargo a month so a strike could have a major effect on the retail business. >>> land lines not going the way of the vcr just yet. older americans are slow to get rid of land lines and go mobile. the centers for disease control asked 20,000 households about trends throughout the year. the study found about 52% use cell phones for all of their cal calls, that's less than 2% increase from previous years. the older generation is slower to make the switch. >>> patrick democracy might play a doctor on television but he's doing some economic cpr in real life. the ""grey's anatomy" start" trying to rescue a coffee shop chain in seattle. they're hoping to save about 500 jobs. democracy said he within as to g
news tonight for the ports up and down the east coast in the retailers to depend on them. the possible strike that could a crippled the cargo economy will not happen for at least another 30 days. 11 news has been keeping an eye on the negotiations. federal mediators say that the union has agreed to extend their contract until at least midnight january 28th. the work stoppage would have idled shipments of a huge range of consumer products from electronics to clothing. now to the fiscal cliff hanger. three more days and then tax hikes on everyone, automatic spending cuts, and no deal reported. the two parties are talking again at least. steve has the latest from capitol hill. >> sources are capitol hill say president obama in today's talks feels he has the advantage back and that he will press on his original demand that income taxes rise on earnings over $250,000. it's a positive sign, the first meeting since mid november the four congressional leaders at the white house. called by president obama, house speaker john boehner is a key figure. >> the fact that he has come back to me says
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
of the day. we do have some movement in the transports today, this in the wake of the news of that port strike has been averted, at least for another 30 days. that was impacting some of the truckers because there was concerns they wouldn't have some inventory to truck around the country. they've turned around and transports actually having retreated yesterday. they did move into the green a little while ago. also look at the consumer discretion nar ris because this is reflecting reaction to the news. strike has been averted as well. keep in mind there are a number of retailers in this group. there were concerns, of course, that a retail supply chain would be disrupted if we had a strike at the ports along the east coast and the gulf of the mexico. in the wake of it being averted for another 30 days we've seen some strength in home depot and lowe's of course. those stocks benefitting from day's news on pending home sales which once again was very strong. the dow up 68 points. michelle, back to you. >>> all right, mary. washington, the country wants to know are you going to rise above or
billions of dollars. a ten day port lockout in 2002 cost $1 billion a day and caused a major backlog and shipment. those same officials have called on the president to use emergency powers to avoid a coast guard port shutdown. talks broke down last week. federal ridi haters are hopeful to avoid a total shutdown. it was a customers tree this christmas with retailers slashing prices and hope of mary profit. did those deals bring in the dollar? adam shapiro is joining that story. >> it did not bring in the dollars the same way it has in years past. here are the numbers according to its polls. this is not indicative of those holders. from the period of october 28 through december 24, sales only grew by seven tenths of a percent. sales grew by 2%. as we take a look at some of our favorite video, people actually shopping, the retail federation is sticking to its prediction. we will see year over year growth for the holiday season. they are predicting we will have a $586 billion season. what we are seeing through spending polls and shopping track where they downward vision, the reaction to
get port wine from. >> we love port wine. >> come on. >> now what do we do? >> sara, have one of these. >> bring the potatoes already sliced. have one more scallop. >> was a please implied? >> you just keep layering potatoes like so to cover and then you put the onions down. >> once again, please was implied. >> yes. please, hoda. >> thank you. >> you're doing a fabulous job. >> thank you. >> okay. then you keep layering it and layering it and layering it. where does the cod go? >> the cod is going to go in next? you're going to do this here. >> i have to do everything. >> you didn't get all your onions in there? >> it's a layer. >> it's not equal though, hoda. >> it's a team effort here. let's go. come on, guys. >> i was just going to say -- >> we don't have much time here. >> you put more of that on top. >> more cod. then more potatoes. >> yes, yes. keep going with the cod. >> let's taste it. >> portuguese people survived on cod. we need to use a lot of this here. >> i want to give everybody a little slice. >> is that like a national dish? >> olives. and some eggy? >> then you baky?
to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those
,s that actually have a much happier ending. there is a deal to end the eight-day los angeles port strike. striking harbor clerks reached a tentative settlement with management with the ports of los angeles in long beach last night. that strike idled most of america's strongest cargo complex. i think the strike originally started on november 27th. if you think it's not a big deal, there's a billion dollars in goods that goes through this port every single day. it's the largest port in the united states and it was affecting not only that port and all of the ships that had been sitting out waiting to get in with those goods. also truckers who come in and bring those good across america. they had been idled, too. it looks like the port is going to be open once again today. >>> also today is expected to be a big day of protests in egypt. this is video that you're looking at right now from cairo's tahrir square earlier this morning. things were quiet when this video was taken, but expected to be much different later on. television stations across the country planned to go dark today, joining a growing l
went to a high school in port allen, west baton rouge, it was called the port allen pelpelicans. my home state is thinking about changing their name, the new orleans hornets. >> you got hurricanes, you have cuisine. i like the jazz utah lifted when they got the team. pelicans, i'm not sure she's cutting it. >> beautiful but doesn't sound like -- thank you. always a pleasure to see you. >>> next international leaders are gathering in norway where they're preparing to honor the best of the best. a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus tr
who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airlines is said to be in talks for a 49% stake in british carrier virgin atlantic. >>> finally, check this out. the massive toys "r" us store in times square opened sunday morning. it's not going to close again until christmas eve night which means that the st
it happened and what the coast guard is doing to get it safely back to port. uma: we are following some disturbing developments out of iran. the country's navy is reportedly test firing a range of weapons including torpedoes and missiles near the strategic strait of hormuz, a vital passageway for 1/5 of the world's oil supplies. joining us to the discuss the possible ramifications, aaron david miller, a former advisor to six secretaries of state and vice president of the woodrow wilson center. great to have you here today. >> great to be here, uma. uma: how concerned are you by the recent actions of by iran regarding this test firing going on by the straits of hormuz? >> happy new year, and by the way this is really the mullahs way of extending a happy new year to the administration as well. these are aer is series of six-day integrated exercises to demonstrate and show that the iranians can take care of their own business and defend their coastline and if necessary, if necessary, put up an offensive deterrent capacity in the event they're struck by the united states and israel. i think
right now. port deposit near havre de grace minor flooding. so just know if you live in an area prone to bay flooding you might want to move things the higher ground. the second story this morning will be the winds and it's a high wind advisory through the course of the afternoon. as winds could gust up to 40. perhaps maybe 350 miles an hour. so it's a raw ride out there for the rest of the morning. gusty winds and then yes, a weekend storm potential and this could bring some snow. we'll talk more about that come up in just a little bit. let's talk traffic and lauren cook over at the traffic plaza/center. how we doing out there? >>> we have icy conditions and in fact the state highway administration is urging everyone to stay off the roads until the sun comes up around 7:25. you're taking a live look right now. route 50. but we are dealing with wednesday restriction visions across the bay bridge. use caution this morning traveling across any bridge. here's what 695 looks like just south of burning highway. you will want to take caution driving across that key bridge this morning. redu
: when i was in graduate school i got my mba from the university of miami and many people from all ports of the world, india, europe, china, who wanted to stay here after they graduated and work on their companies, create new start-ups, but they were unable to do so because after you graduate you get a job with an existing company or you leave and for many them that was not a good option and they left and took their ideas and companies th them. >> so they get their fancy education here and go back to indian or somewhere else. >>guest: we would like to stem the tide and keep them closer, and bring them back to the united states so they can create new jobs. and new companies. >> if they worked for a company they could have stayed? >>guest: if you get sponsored by a large corporation you can get the prop visas to work in the country but you cannot self sponsor and you cannot be here and create your own start-ups without going through some pretty significant legal work. >> to build this big ship where people live cost as lot of money and people are actually giving you money for this? >>guest
or the bears? the traders' take ahead of the opening bell. a port strike is looming. we'll ask retail federation matthew shay about the billions of dollars that could be at stake. plus, what he thinks of the holiday retail numbers. let's look at the futures as we head to the opening. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seaf
does not. so buy not make every effort to come to some port of solution or negotiation that is reasonable with somebody that it least seems to be a more willing partner than hamas which arguably is gaining great strength in the region. >> we have trieded, for four years, this government and previous governments have tried, with the fatah and with mr. abu mazen in twooi2008 received the generous offer from the prime minister, and he just refused it and didn't have the decency to have a counter offerer. when net tanyahu came into offi and tried to negotiate for peace, the palestinians again didn't come to the table and found for pretexts to attack us both politically and legally. this is not the way to move forward. >> that is israel's deputy minister of foreign affairs. well, they're real life heroes, people like this one, who helps poor people around the world. we'll get you ready for tonight's hero awards. >>> and this proves you should never, ever get up, a dog and his owner reunited after seven years apart. two years ago, the people of bp made a commitment to the gul
. in australia, for example, after the port arthur massacre in tasmania, a very conservative prime ministership of john howard had sweeping gun control. my view is that is not going to happen in the united states because so many people feel the way mr. thore does. >> kristen, why wouldn't they embrace it given that there are over 300 million guns in america, with the shooting just this afternoon, at columbus circle, 200 yards from the studio. execution style hit. most people didn't seem that bothered by it. it wasn't that shocking. in britain, it would be the biggest story for weeks. it's such an endemic gun culture that almost no outrage seems to register with people. >> it's unfortunate where if it's a high-profile tragedy like in aurora, colorado, people talk about it a lot and then the story fades away. you have not seen a lot of political will on either side of the aisle toward actually changing the laws around guns. i think the point that bob costas has made in his remarks since his initial sunday night football discussion of guns is that there's the cultural issue in terms of people seei
koreans only have one porch. it's difficult to ship things out of that port because of the sanctions. typically any ballistic missile parts would fly through china to the north. china is north korea's only friend. there have been reports of voice of america this week that iranian team was seen in north korea, in recent days. there are questions tonight as to whether the iranians helped or benefited from this north korean ballistic missile launch. >> shepard: jennifer griffin, thanks. from the pentagon. just released fox news poll finds most americans think the government is broken. but some fresh hope tonight that our leaders can get things together in time to keep us from going over the fiscal cliff. we'll show you what is driving the optimism. there is quite a bit of it. plus, possible break in case of the manhattan murder. days after somebody carried out apparent execution on the sidewalk. police found a very important clue miles from the scene. it could help them track down the killer. they need some help. so we'll show you with the help of journalists on fox news with this wedne
was in graduate school i got my mba from the university of miami and many people from all ports of the world, india, europe, china, who wanted to stay here after they graduated and work on their companies, create new start-ups, but they were unable to do so because after you graduate you get a job with an existing company or you leave and for many them that was not a good option and they left and took their ideas and companies with them. >> so they get their fancy education here and go back to indian or somewhere else. >>guest: we would like to stem the tide and keep them closer, and bring them back to the united states so they can create new jobs. and new companies. >> if they worked for a company they could have stayed? >>guest: if you get sponsored by a large corporation you can get the prop visas to work in the country but you cannot self sponsor and you cannot be here and create your own start-ups without going through some pretty significant legal work. >> to build this big ship where people live cost as lot of money and people are actually giving you money for this? >>guest: the face
through the port, the most damning recommendation was number one n. a post 2001 intelligence collection that expand expanded, the benghazi attacks are a stark remind they're we cannot overrely on the certainty or even likelihood of warning intelligence. careful attention should be given to factors showing a deteriorating threat situation in general as a basis for improving security posture. key trends must be identified and used to sharpen calculations. to me what's implied there is since 9/11, we might have increased our security and intelligence capabilities and seem to have gotten complacent in feeling like the terror threats around the world are not as dangerous perhaps as we know them to be now. >> there is no doubt when i was in a major threat and attempted assassination and my security went up triple fold. what is most devastating was that the security office eric nordstrom who testified on the hill several months ago with the people i believe that the taliban is within the state authority. they had the situation in kwlab and this was no surprise to anybody including me and yet t
acts. in the same year in australia there's the port arthur massacre and the uaustralian government acts. and we've had columbine, newtown. and nothing happens. not a political issue. a point of debate. it's an object of reverence in this country. it's a god. >> what you're pointing to, let's talk about the british and australian. the revulsion against the deaths of murders of elementary school kids had a huge impact there in those countries. and it's having a huge impact right now. the reason this is not just a one-day, one-week story is because people are so heartbroken. and they are shocked at what happened. >> it's been three years since virginia tech. what happened? >> i think there's an emotional difference when it comes to elementary school kids. that makes it different. number two, people said when we're talking about the nra, there was once upon a time more powerful and more fearsome lobby in washington. it was the tobacco lobby. people were saying there could be nothing more american than the marlboro man. how much of the country's economy was based on tobacco. so where yo
the information that surrounded the special mission there, there was some 200 ports leading up to it that talked about this security situation deteriorating, and they knew it, and so the folks there at the special mission were asking for help and asking for higher security. we know that tripoli asked. the report said they didn't ask hard enough. it's really not their responsibility. so what happened was they had all this information, and they processed it through the state department, and that leadership just failed to note the security around that -- around the ambassador when he traveled to benghazi, and a security of the special mission. not that they had to have it as a standard mission security status because it was a temporary facility, but the physical security part of it was just so wrong to fit the security threat that it resulted in the death of four americans. >> should we stop relying on local militias? there's security cam video showing that the libyan militias got in their pickup truck and ran at the first shot that was fired. >> well, i argue whose ever decision it was to hire the
time off today, making headlines the threat of imminent labor unrest at these ports. there are four pacific northwest ports. it's been averted. the dock workers union says its workers will stay on the on job despite substandard controls. both sides are leaving the door open to further negotiations. meanti meantime, about 15 container cargo ports on the atlanta and gulf coast are bracing for a strike by nearly 15,000 union dock workers on december 30th unless shippers extend their contract. and commerce on a key stretch of the mississippi could be halted earlier than expected next week due to low water levels. this could disrupt shipment of grain and other goods and it could do it for months. shippers have been watching a street of the mississippi between st. louis and cairo. and you never know if you were pronouncing it right, some of these others like bagoda or lima, ohio, or versailles. you never know but i think it is cairo, illinois, due to concerns about potential closers.ñ >> i'm not looking at you. >> all week on cnbc we've been focusing on the prospects for 2013. sheer is s
ports. a work stoppage to cost the economy $1 billion a day. it's friday, december 28th, 2012. and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. and it does feel like we're living a bit on the edge of the fiscal cliff, at least. i'm andrew ross sorkin along with joe kernen and becky quick is off today. our guest host this hour, ed kehone. he's the management associate portfolio manager and we are thrilled to have ed aboard for -- i think you'll be here for longer than an hour. you'll be here for the whole broadcast. >> as long as you need me. >> you're like -- how long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've seen him around. do you remember his nickname? >> i don't. >> whatever you think of him, he's a great guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one bei
. the port that is in this bill, and it is ridiculous tom: like you said, trying to cram all this in before the end of the year. is -- every piece of proponent writing about this has said this is critical. you do it before the end of te year because these victims are sitting there, and it's true. the viims are still sitting there in horrible conditions. temporary housing. a lot of that ends on december 31st. in motel rooms, try to figure out where to go. homes are destroyed. is there some urgency, some part of this that can make a difference in some part of somebody's life next week? >> is no doubt aboutit, but make the case for why he senate should have done this right. what put all this pork inerrant y this bill down. it's disgraceful to load a bill like this that has good motives to my good intentions, help people with pork. it's an emergency bill for sandy victims. it's typical of washington. exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like this and our future, pay the interest payments for this typ
that, then look for activity around the ports of tartus and latakia. depending on how much equipment they would retrograde and get the people out those two ports would be important as well as the airports around damascus. alisyn: meaning what if you saw more active around the ports that would mean bashar al-assad is making a run for it? >> he probably is going to want to get some stuff out of there. he would probably get flown out because they want to do it with as few of people that knew about it as possible because you would have a massive collapse in that case. no matter how this turns out you'll have a lot of bad people with access to a lot of really bad weapons. and you've got al-qaida groups in there. everybody in the main opposition is connected with the muslim brotherhood, so there really aren't any good scenarios for the end of this thing. alisyn: on that chilling note captain chuck nash thank you so much for your input. >> you're welcome. bill: a rude awakening for so many this morning. why the location of an earthquake only hours ago is telling. alisyn: and devine interven
's principal helped save her life. heather: bracing for what could be a big strike at some of the biggest ports in america. dock workers could be hitting the picket lines on the east and gulf coast this week. we'll take a closer look what kind of impact that could have on the economy. gregg: mother nature not making it easy for millions of folks rushing to get home for christmas. we're live at the nation's busiest airport. [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket. now tell the world daniel... of pepto-bismol to-go. gregg: a week after the school shooting in newtown, connecticut, and we're still hearing many stories of heroism in the middle of all that violence. we're hearing from a woman that worked as a reading consultant in the elementary school. she said the principal saved her life when the gunman opened fire. >>> my principal dawn hochsprung and mary sherlach, they went out in the hall to check out the noise. they didn't know it was gunshots. when they realized it was gunshots, natalie hammed monday,
in places like washington, d.c., new york and los angeles. and the strike at the port of los angeles long beach is entering its seventh day this morning. contract talks between clerical workers and shippers have resumed. the walkout is dramatically slowed activity at the nation's a busiest cargo complex, dockworkers have refused to cross picket lines. >> this is a big deal. i don't know if you think this will have economic impact down the road. national retail federation is worry that had it will spread to the east coast just ahead of the christmas holidays when so many people are out shopping. really a bad time for them. >> it could. l.a. and long beach, biggest port in the united states. >> did you see on the waterfront? you don't mess with -- >> it's the clerical workers that are striking. >> it is? i'm not afraid of that. >> the dock workers don't want to cross the picket line of the clerical workers. >> oh, i'll cross that line. i thought it was the guys with the big boxes and they drop boks on you if you cross that -- will do you remember that? >> i lived in hoboken and i saw parts
bank. your money needs an ally. ♪ >>> talks to end a seven-day strike at the port of los angeles in long beach, california, intensifying this weekend with no resolution. jane wells is live at the port of los angeles with the very latest. jane? >> reporter: hey melissa. negotiations are expecteded to start up again this morning but that's not stopping the strike. you have 800 clerical workers that walked out after not having a contract for over two years. it's the longshoremen honor the picket line that has brought everything to a standstill. the national retail federation is asking the president to interve intervene. the work stoppage is increasing shipping costs a billion a delay. each day of the strike affects 0.1 of 1% of far east north american shipping volume. an east port strike is also looming if an agreement is not reached by december 29th. cargo airlines, china, korean air and the union is striking to make sure that jobs performed by union workers stay union jobs after these workers retire. management says they don't want to do that. they call it featherbedding and claim
of clearwire's board that is -- >> review this conflicted, not conflicted. free port. >> not free port. they are going to weigh in. do you get something that might be higher than 2.90? certainly could argue you go up. 500 until synergies, you are talking 750 million shares. dollar-wise, given everything already put in here, everything happening, it is not that significant in terms of actual money but at the same time, you know, they are not going to go well above 3 bucks. >> at the end of the day, does this help sprint compete better the verizon tremendously? >> it does. but even more deals they need to do down the road. >> this is national footprint, not available to sprint without clearwire. >> correct. their strategy all along. i should point out, my sources indicate that if and when do you get a clearwire deal agreed to, you still would not see it closed potentially until june, just so people know. a lot of state approval is needed in this. the de the deal closes in april. something down the road to look at to your point, melissa to add more of that important bandwidth and spectrum
so much port from my family, my friends, my educational background. i think it's a culmination of a bunch of different things that all i can do is just thank god that i'm here. >> i believe you still have hooks for your hands, but are you going to be moving towards getting you know, a real hand replacement, a prosthetic? >> i hope so. i've been doing a lot of research and there's really, really cool stuff on the market. there is an electric hand that i'm interested in. it can produce several different grasps, almost mick mimics a real hand. so i'm definitely interested in getting that. right now, however, what i'm most interested in is getting out of the wheelchair because that does restrict a lot of my mobility. what i'm focused on now is actually making a left leg. and doing the first mold of my first leg and be able to walk again is going to be fantastic and once that leg is is completed, my next priority will be getting some better functioning hands. will be gettg better functioning hands. you have had to relearn everything. li things people wouldn't think of doing. what ha
of florida callers lately. joe? >> caller: this is joe from port st. lucie, florida. how are you doing? >> well, i'm getting ready for the mets season, new players coming. >> caller: we need it bad. >> all right. >> caller: i have a question for you, stj, st. jude medical. >> oh, man, they've been crushing that baby, haven't they? >> caller: i can see they said they were going to buy back some stock, 10%. >> yeah, you know what? we're going to take a pass. because unless we have a good fundamental story, we're not going to be encouraged by a buyback. what happens is the story gets worse and we can't just say, oh, well, they've got a buyback. we need fundamentals. that device business i don't really like right now. is it wall street versus washington? there are tons of reasons for doom and gloom. they're taking too long to rise above. but there are still ceos who are out there trying to get you to live long and prosper. "mad money" will be right back. >>> coming up -- secret garten. with fiscal cliff concerns swirling -- >> it's not a game i will play. >> cramer's trying to protect your
is port-au-prince the american people and very important for our economy. thanks. >> there you go. speaker always short and sweet and had that intention of coming out at 11:00. and hit his mark. four minutes later, done with that. so the meantime, christine romans is there. she has been breaking down the jobs number. you heard him. he said that president -- the call with the president was -- more of the same. and that the -- >> pleasant. more of the same. >> such a holiday spirit. look, this is critical because we are starting to see really hardened numbers when it comes to the taxation of the top 2%. >> let me tell you what the -- smart money on wall street is saying. one of the reasons why still have the dow above 13,000, they think that the president and democrats have held the line here and they have the upper hand and have the leverage. and the question now is what will the top tax rate be? right now 35%. it is going to go up to 39.5%. >> that's the wish list of the democrats. goes all the way -- >> 39.5%. >> pre-bush tax cut levels. so what will -- will -- you heard dan ask that ques
to be used against an american aircraft carrier, you know, or a por port or subway five years from now. >> it seems like it's reaching a critical mass in the united states, the move to arm and help the rebels in some way. i could be wrong, but it feels we're hearing more and more about it. i still don't understand because we go in and we intervene in libya. and we weren't able to procure weapons there. now the weapons are being used in gaza and now apparently being used in syria. so if we intervene, does it do more good than harm? >> i think it's a very complicated situation. if we don't know who we are intervening for, i do think there's a potential for consequences we don't understand. what's going on in syria is -- at one level, it's a simple morality play, which is assad and his regime are awful, brutal dictators, they have been oppressing their people. on another level, it's complicated. there are a number of people against the government who are also bad guys. there are a lot of people supporting the government. a lot of kurds and christians and syrians in syria are supporting th
. this is a developing story that started about 3:20 local time out there in port land. it happened at the clackamas town center. and again the gunman has been dead now for about seems like maybe 30, 40 minutes. we are just getting confirmation that that has happened. let me tell you how this broke down. imagine, it's 3:20 in the afternoon. you are in a macy's store. you hear shots fired. one witness is saying at least 60 shots were fired. the gunman was using a semiautomatic rifle. he was wearing a cam fallujah outfit and a mask. now, you have this is happening outside of the food court out there at the macy's. 3:it 20 local time. parents are taking kids to see san that who was out there at the mall for christmas photos. then you have several blabs on scene there still unfolding, the mall has been blocked off, authorities were able to block off that mall and get all of the employees out as well as the shoppers as you can imagine eyewitnesses describing that scene out there as chaos. people screaming people were running and naturally parents were grabbing their children and pulling them to safety gipp th
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